KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Quick Snapshot – Fundamentals FY Revenue (HKD M) Net Profit (HKD M) Net Margin 2025F 333,565 22,599 ~6.8% 2026F 349,749 24,892 ~7.1% 2027F 368,467 27,207 ~7.4% CAGR in Net Profit : ~10% Forward P/E : 10.94x (undervalued vs. sector) Dividend Yield : 0.0% (reinvesting into growth) YTD Return : -8.6% (potential rebound play) Technical Setup – Bullish Signals Crossed above 20D & 50D EMAs MACD positive and rising = Buy Signal Breakout trigger: HKD 24.50 Resistance & Support: R1: 24.50 | R2: 26.00 S1: 23.40 | S2: 22.80 Why We Like It ✅ Turnaround momentum on both charts & earnings ✅ Expanding net margins over 3 years ✅ Global brand power in consumer appliances ✅ Low valuation with room to rerate Risks Consumer spending slowdown No dividend buffer Monitor technical support and earnings performance Analyst Verdict: Haier is a recovery story with technical tailwinds, stable profit growth, and a strong global pre...